Score
0Wickliffe, OH
2132 Pine Ridge Dr
390K
6 beds
3 baths
3,252 sqft
6 bd • 3 ba • 3,252 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$389,900
Price/Sq.Ft
$120
Year Built
1950
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This property offers exceptional value at $119.90/sqft, which is significantly below the Wickliffe average of $150-$180/sqft for similar homes. With 3,252 sqft, it's 30% larger than the typical home in the area (2,500 sqft). The 6 bedrooms and 3 bathrooms make it ideal for large families or those needing extra space. Recent updates include a new roof, windows, siding, and HVAC system, potentially saving the buyer $20,000-$30,000 in near-term maintenance costs. The property boasts extremely low climate risks, with flood (1/10), fire (1/10), and wind (1/10) risks all minimal, likely resulting in lower insurance premiums. The expansive yard and outbuilding add significant value, offering potential for gardening, outdoor entertainment, or even a home business. At $389,900, it's priced competitively for a 6-bedroom home in Wickliffe, where similar properties often list for $420,000-$450,000.
The Bad
The property has been on the market for 95 days, which is about 40% longer than the average DOM in Wickliffe (typically 60-70 days). This could indicate some buyer hesitation or overpricing. The home's age (built in 1950) may mean hidden issues despite recent updates. The air quality risk is moderate (3/10), which is slightly higher than ideal. While the schools are nearby, their ratings (5/10 for elementary, 6/10 for middle and high school) are average, which might deter families focused on top-tier education. The estimated insurance cost of $1,403/year is on the higher side for the area, possibly due to the home's size and age.
The Ugly
The property's age (74 years) means potential major system replacements may be needed soon, despite recent updates. This could include plumbing ($10,000-$15,000), electrical systems ($8,000-$12,000), or foundation issues ($20,000+). The moderate air quality risk (3/10) with 3 bad air days per year could be a health concern for sensitive individuals. The heat risk, while minor (2/10), indicates 7 hot days per year with temperatures reaching 96°F, which could lead to increased cooling costs. The recent price reduction of 2.5% might suggest difficulty in selling, potentially due to hidden issues or market conditions. The median income in Wickliffe ($64,777) is relatively low compared to the home's price, which could limit the pool of potential buyers.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is ideal for large families or multi-generational households needing ample space, with its 6 bedrooms and 3,252 sqft. It suits buyers with household incomes of $130,000+ (based on a 28% front-end DTI ratio). The home is perfect for those who value outdoor space and privacy, with its expansive yard and outbuilding. It's well-suited for buyers looking for a move-in ready home with recent updates, who appreciate the charm of an older home but want modern amenities. Investors could also consider this property for conversion into a multi-unit rental, given its size and the local rental rates ($1,340-$1,410 for 3-4 bedroom units).
Not For
This property is not suitable for first-time homebuyers or those with limited budgets, given its size and potential maintenance costs. It's not ideal for those seeking new construction or completely modern designs. Buyers prioritizing top-rated schools may find the average school ratings (5-6/10) disappointing. The property may not suit those with severe allergies or respiratory issues due to the moderate air quality risk. It's not appropriate for buyers looking for a small, low-maintenance property or those unable to manage a large yard.
Demographics
Area Median Income
$64,777
Property History
Price History
Ownership Timeline
$0Cash Purchase
Nov 6, 1997Dorothy L VitantonioLouis J Vitantonio
Intrafamily Transfer
Non-Arm's Length Transactions
Property Taxes
$6,866
2022 Tax Assessment
0.5%from previous year
Assessed Value$95,690
Tax Rate7.18%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
5.0/10
AverageHigh
6.0/10
GoodFinancials
Monthly Costs
Market Rent (6 bed)
Get a detailed estimate on Zillow$740
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